The Euro-dollar market* had caused many changes to the modern financial world in which, the open competitive effect of the international money market caused the liberalization by almost all industrialized countries of domestic money and banking markets. The market acted as a fully international mechanism for attracting deposits and offering loans, over a broad range … Read more
THE HISTORY OF THE EURODOLLAR MARKET IN THE 1960s (A CHRONOLOGICAL ACCOUNT) Introduction The Euro-dollar market* was in fact, and is indeed today, an international wholesale market in money, involving Euro-sterling and other national currencies such as Swiss franc and to a lesser degree the other major European currencies. This paper will briefly … Read more
1. Mutual Funds Offer Diversification:The beauty of a mutual fund is that you can buy a mutual fund and obtain instant access to a hundreds of individual stocks or bonds. Otherwise, in order to diversify your portfolio, you might have to buy individual securities, which exposes you to more potential volatility. 2. Mutual Funds are … Read more
Everywhere I turn, I see, read and hear how capitalism has destroyed the American economy. The political Left blames capitalism outright, while the political Right claims capitalism is the American ideal. The elitists in banking, government, academia and the media give lip-service to the idea of a free market, when they, in fact, have no … Read more
Tax Haven A tax haven is a place where private individuals place their assets in a foreign jurisdiction in order to protect themselves from high income taxes and currency conversion rates. Tax havens have a negative connotation as having associations with illegal activities. In reality, people looking for legitimate international tax planning opportunities employ tax … Read more